Seriously, bitcoin is simply too new and too revolutionary to settle in just a year. We need to give the concept a few more years before it can reveal its full potential.
$30 was obviously a bubble. But how can this article not even mention that in March, bitcoins had only just surpassed $1, and thus they are now trading at about 3x that? To pick the peak of a bubble as a reference and not even mention that even after the crash, bitcoin has still probably outperformed every other asset in the world YTD, is disingenuous.
Not to mention the price is irrelevant to the success of the technology. What about the economy? Is there more bitcoin economic activity now? My bet would be yes, since Silk Road has done nothing but grow, and it is the most useful bitcoin business.
The speculative bubble that burst was one of the best things to happen to BitCoin as it meant people stopped using it as a investment vehicle. Once people are done speculating with it then it can taken more seriously as a real currency rather than being yet another alternative currency experiment.
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[ 2.5 ms ] story [ 13.0 ms ] threadSeriously, bitcoin is simply too new and too revolutionary to settle in just a year. We need to give the concept a few more years before it can reveal its full potential.
The price of bitcoin at the time of this comment is $3.12 USD.
Not to mention the price is irrelevant to the success of the technology. What about the economy? Is there more bitcoin economic activity now? My bet would be yes, since Silk Road has done nothing but grow, and it is the most useful bitcoin business.